German exports rose more than forecast in April, as Europe’s biggest economy relied on trade with the United States and the euro area to recover from the initial impact of the war in Ukraine, government data showed on Friday. Exports rose 4.4% from the previous month, the Federal Statistical Office said, almost three times the 1.5% increase predicted by economists in a Reuters poll. In March, exports had fallen by 3%. The boost for Germany’s export-driven economy came despite a collapse in trade with Russia over recent months due to severe sanctions imposed by the West in a bid to punish Moscow for its invasion of Ukraine. Exports from Germany to Russia dropped 10% in April after plummeting 60% in March, the statistics office said.
Published in The Express Tribune, June 4th, 2022.
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